John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) Short Interest Update

John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totalling 146,600 shares, a drop of 15.5% from the July 15th total of 173,400 shares. Currently, 1.7% of the shares of the stock are sold short. Based on an average daily volume of 58,600 shares, the days-to-cover ratio is currently 2.5 days.

John B. Sanfilippo & Son Price Performance

NASDAQ:JBSS traded up $0.69 during mid-day trading on Friday, reaching $100.31. 59,119 shares of the stock were exchanged, compared to its average volume of 58,267. The company has a current ratio of 2.46, a quick ratio of 0.71 and a debt-to-equity ratio of 0.02. The business has a fifty day moving average price of $98.38 and a 200 day moving average price of $100.41. John B. Sanfilippo & Son has a 1-year low of $90.02 and a 1-year high of $108.96. The firm has a market capitalization of $1.16 billion, a PE ratio of 18.04 and a beta of 0.09.

John B. Sanfilippo & Son Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Tuesday, August 20th will be paid a $2.10 dividend. The ex-dividend date is Tuesday, August 20th. This represents a dividend yield of 2.09%. This is a boost from John B. Sanfilippo & Son’s previous annual dividend of $2.00. John B. Sanfilippo & Son’s payout ratio is currently 15.29%.

Institutional Trading of John B. Sanfilippo & Son

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company lifted its holdings in shares of John B. Sanfilippo & Son by 3.4% during the second quarter. The Manufacturers Life Insurance Company now owns 3,371 shares of the company’s stock valued at $328,000 after purchasing an additional 111 shares during the last quarter. Texas Permanent School Fund Corp lifted its stake in John B. Sanfilippo & Son by 1.7% during the first quarter. Texas Permanent School Fund Corp now owns 7,879 shares of the company’s stock valued at $835,000 after buying an additional 128 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of John B. Sanfilippo & Son by 1.1% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 12,304 shares of the company’s stock worth $1,303,000 after buying an additional 136 shares during the period. Illinois Municipal Retirement Fund boosted its holdings in shares of John B. Sanfilippo & Son by 2.8% in the first quarter. Illinois Municipal Retirement Fund now owns 4,997 shares of the company’s stock worth $529,000 after buying an additional 137 shares during the period. Finally, Oliver Luxxe Assets LLC increased its position in shares of John B. Sanfilippo & Son by 1.6% in the first quarter. Oliver Luxxe Assets LLC now owns 9,288 shares of the company’s stock worth $984,000 after acquiring an additional 143 shares in the last quarter. 70.64% of the stock is owned by institutional investors and hedge funds.

John B. Sanfilippo & Son Company Profile

John B. Sanfilippo & Son, Inc, through its subsidiary, JBSS Ventures, LLC, processes and distributes tree nuts and peanuts in the United States. The company offers raw and processed nuts, including almonds, pecans, peanuts, black walnuts, English walnuts, cashews, macadamia nuts, pistachios, pine nuts, Brazil nuts, and filberts in various styles and seasonings.